InterPrivate Investment Partners V closes $201.25 million IPO; proceeds placed in trust
InterPrivate Investment Partners V, a Cayman Islands blank check company, closed its initial public offering on June 5, 2026, selling 20,125,000 units at $10.00 per unit for gross proceeds of $201.25 million, including the full exercise of the underwriters' over-allotment option. The full $201.25 million was placed in a trust account for public shareholders, and the company has not yet selected a business combination target.
Key points
- IPO closed June 5, 2026: 20,125,000 units at $10.00 each, gross proceeds of $201,250,000, including 2,625,000 units from the over-allotment option.
- Private placement of 540,000 units at $10.00 each for gross proceeds of $5,400,000: 365,000 to the sponsor and 175,000 to the underwriters.
- $201,250,000 placed in trust with Continental Stock Transfer & Trust Company, including $8,575,000 in deferred underwriting commissions.
- Audited balance sheet as of June 5, 2026 shows cash of $1,258,273 and filed as Exhibit 99.1.
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 11, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.